Thursday, November 17 2016 19:57 EET
Ukraine
Poroshenko announced the start of ratification process of the Free Trade Area Agreement between Ukraine and Canada
Poroshenko, Ratification, Free Trade Area Agreement, Ukraine, Canada, Verkhovna Rada, document,

President of Ukraine submitted draft Law on ratification of FTA between Ukraine and Canada for consideration by Verkhovna Rada

Under article 93 of the Constitution of Ukraine and article 9 of the Law of Ukraine on the International Treaties of Ukraine, President Petro Poroshenko submitted the draft Law on the Ratification of the Free Trade Area Agreement between Ukraine and Canada for consideration by the Parliament as an immediate one.

The Law ratifies the Agreement concluded between the two states in July 2016.

The implementation of the provisions of the document will promote the development of bilateral trade and economic cooperation, allow producers of goods to use benefits from duty-free access to the market of Canada, open opportunities for the Ukrainian business to expand their markets and modernize production in order to increase competitiveness on the new market. The Agreement will also facilitate the creation of new jobs in Ukraine.

Earlier reported about ambitious goal: China to establish free trade area with Ukraine.

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